Selling a property is a big move in life. When you’re finally in the right place to renovate your rooms, put your house on the market and move somewhere new, it’s a good sign you don’t have much to worry about in the future! However, when it comes to finding the right time to sell, you need to keep a few things in mind.
Hitting the market at the wrong time could cost you a lot of money, and when a property is around for too long, it loses value. Which is why we need to ask…
‘When is the right time to sell your home?’
To answer it, we’ve got some very interesting points below.
When the Competition is Dwindling
House market competition can be rife – everybody wants their home to sell, and when you’re up against 30+ other homes like yours on the same page, you’re going to be up against a lot of competition in an otherwise low traffic market. There’s a good chance you won’t get a look in here, and that’s when you need to wait to sell your home.
When supply starts to slow and dwindle, it’s your time to put your property out there for people to make offers on. You need to know there are buyers desperate for a home like yours, as well as very few other sellers, so when you know you want to sell, keep an eye out for moments like these.
When Estate Agents are Selling Well
If you know that your local estate agents aren’t having much trouble selling right now, it means demand is high, and you need to strike while the iron is hot. However, coming to this conclusion takes a bit of research – a lot of estate agents will immediately promise you a short selling period, but don’t just take their word for it.
Use both general real estate sites as well as the estate agent’s website itself, such as Camijoneshomes.com, to properly scope out how many properties are currently on an agent’s books. Look at their prices, their price history, and how long they’ve been around – it’ll tell you a lot about the success of this one agent!
Try To Get Your Property on the Market Early
And finally, there are some generally good times to put your home on the market – during the springtime, usually around March and April. Houses tend to sell fastest during this period, especially when compared to later periods of the year, such as August and December. Of course, these trends are going to fluctuate based on where you are, but make sure you keep this point in mind if you’re looking to sell in as little time as possible.
The right time to sell your home can be personal to every one of us. However, there are some very good tips to keep in mind if you’re looking to get a quick and valuable sale, so remember market points like those above.